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Tangible taxes

Discussion in 'Business Operations' started by GunnPropertyServices, Jan 27, 2011.

  1. GunnPropertyServices

    GunnPropertyServices LawnSite Senior Member
    Posts: 374

    What is the reasoning behind tangible taxes? I cant seem to figure out why i would be paying taxes on every single piece of equipment used in the process of making money in my business down to office chairs and a shovel. It makes no sense

    Does every file and pay these taxes in every state?
  2. zturncutter

    zturncutter LawnSite Bronze Member
    Posts: 1,308

  3. bohiaa

    bohiaa LawnSite Fanatic
    Posts: 5,220

    The reason behind it is that you will depreshite it every year. also you wrote it off when you bought it.

    we have redemption tax. " Most prople do" it may be called somethign else in your town/state. But it's all the same. it's kind of like inventort tax that retail has.

    I kno, it doesn't seem right sometimes

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